Aureum Re looks to grow with analytics firm Clearwater
Cayman-based reinsurer Aureum Re plans to scale up its investment operations with web-based investment data aggregation, reconciliation, accounting and reporting provided by Clearwater Analytics.
Aureum Re focuses on reinsuring fixed and indexed annuities issued by US domiciled insurance companies.
Jim Owen, chief financial officer at Aureum Re, said the company knew it needed to up its game in investment accounting and reporting to achieve its goals and maintain scale.
He said: “We simply needed a more streamlined and automated tool than our current process could provide. A solution that put technology first was critical.”
Scott Erickson, chief operating officer at Clearwater, said: “Aureum coming on as a client represents an exciting opportunity for both firms. We’ve focused on growing our
business globally and in doing so have found that the advantages of our true SaaS-based model provide value regardless of geography.
“We’ve built out a strong team of experts to act as an extension of Aureum and seamlessly integrate with their team, as they grow. We look forward to being an active participant in the Cayman domicile for years to come.”
Clearwater provides daily servicing to more than 600 insurers worldwide, including many reinsurers.
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